Investment In Inland Transport Infrastructure at Record Low
The latest update of annual transport infrastructure investment and maintenance data collected by the International Transport Forum at the OECD shows that continued economic crisis has had an impact on transport infrastructure investment:
- Investment in inland transport infrastructure, as a share of GDP, has declined from a peak in 2009 to a record low (0.8%) in the OECD while the volume of investment has fallen back to 1995 levels.
- Investment levels in Central and Eastern European countries have nearly halved since 2009 in real terms, accounting for 1% of GDP in 2013 (compared with 1.9% in 2009).
- Western European and North American economies invest increasingly in rail while in Central and Eastern European countries the focus continues to be on roads.